Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My 22-year-old daughter is two semesters away from completing her degree in business from UWF. She will manage to have done so by working full-time and incurring less than 25k in student loans, (paying almost half of it off while still attending college).
She probably would have her student loans paid off at this point had I not advised her to hold off after Biden was elected. It looks like that advice will pay off for her.
As much as I despise the administration for shamelessly buying votes from an irresponsible generation of college graduates, at least I take solace in the fact that for once my tax dollars are helping a responsible, young adult that has her **** together.
Wtf did I just read. Someone holding out for free money is a responsible adult with their **** together?
That won't happen. Rising tuition costs happened BECAUSE the government took over student loans.
Just like rising medical costs because the government has taken over health insurance.
When there are high costs many have no recourse except to use government money.
I am for universal healthcare at the rate of 4% of AGI. I read where the savings having that implemented at a government level instead of a private equity level would be enough to insure everyone. The government doesn't have to turn a profit. https://www.ucsf.edu/news/2020/01/41...analysis-finds
Does it magically disappear or is it spread for all of us to pay? Can i get a loan real quick?
All of "us" won't pay it. It will go into the national debt which the boomer generation has already run up over 20 trillion dollars or so and left for their children and grandchildren to pay. It will be
"them" who pay it off. 300 billion for debt relief for them that might allow them to consider having a family or owning their own home seems rather trivial.
I am opposed to this. I'm all for programs to help kids get an education. In fact I favor two years of free college or trade school. But that would not be retroactive. This loan forgiveness is just not fair to those who worked their way through college to avoid going into debt.
And who exactly would pay for those 2 years?
Some "Trade Schools" could be 20K+, what about people that want to go to a Private School where 2 years could cost them 30-40K, compared to someone going to a Community College?
he does, and republicans even admitted it. they drew up a bill trying to block it. lol
Biden is just dangling it out there for votes.
It was a campaign promise. Well he actually promised a much bigger program than this. I think the political value is in hammering Republicans, already not loved by Gen Z'ers. Dems will say yhey will try to rescind it if they get in the White House. It might motivate a group of voters who tend to sit on the sidelines because the issues of the day don't otherwise have a lot of meaning to them.
I'd like to see more done to address the rising cost of an education rather than cancel loans. As sympathetic as I am to someone with high debt, it's debt the person agreed to. I think the student loan business can be predatory as people feel like they have to take them out just to get a decent job despite the payback amount being crippling.
Education got "financialized" and "federalized" in the late 1970's - about the same time that feds took over the entire student loan market. Tuition SKYROCKETED overnight! In one year (1980-81) the tuition at my school went from $1400 to $5600. In one year. Loan money also increased. In 1979 you could barely borrow $1000. In '80 they lent me $3500 - no questions asked.
In 1977 tuition at the same school was $750. Same as it was for about 10 years previous.
I am for universal healthcare at the rate of 4% of AGI. I read where the savings having that implemented at a government level instead of a private equity level would be enough to insure everyone. The government doesn't have to turn a profit. https://www.ucsf.edu/news/2020/01/41...analysis-finds
No profit just much more inefficiency and overhead to pay for the salaries and benefits of bureaucrats.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Go figure.
